2015 MIT Asia Conference in Accounting Doctoral Consortium: Sunday, July 12, 2015
Welcome Reception: Sunday, July 12, 2015 at 6pm Conference: Monday, July 13 – Tuesday, July 14, 2015
Sunday, July 12, 2015
Doctoral Consortium – Sunday Only
8:00 – 8:30 Registration Location: Madrid 1 8:30 – 9:00 Breakfast Station/Coffee Location: PDR 2&3 9:00 – 10:30 Teaching Session 1 – Joe Piotroski Location: PDR 2&3
10:30 – 11:00 Coffee Break Location: Foyer
11:00 – 12:30 Teaching Session 2 – Joe Piotroski Location: PDR 2&3 12:30 – 2:00 Consortium Lunch Location: Alenha 2:15 – 3:45 Teaching Session 3 – Ed Maydew Location: PDR 2&3
3:45 – 4:00 Break Location: Foyer
4:00 – 5:30 Teaching Session 4 – Ed Maydew Location: PDR 2&3 Conference – Starts Sunday afternoon with a reception
5:00 pm Conference Check-in/Registration available
(Pick-up Conference Materials) Location: Madrid 1 6:00 pm – 7:30 pm Conference Welcome Reception Location: Barcelona
Monday, July 13, 2015
7:30 am – 8:30 am Registration/Check-in Location: Madrid 1 9:00 am – 10:30 am First Parallel Sessions
Media/Analysts Location: Madrid 2
Moderator: Holly Yang; Singapore Management University Media freedom and the corporate information environment
Philip Berger; University of Chicago
Yong Zhang; Hong Kong Polytechnic University
DISCUSSANT: Mingyi Hung; Hong Kong University of Science and Technology Media Coverage and the Cost of Capital around the World
Bohui Zhang; University of New South Wales Nhut Nguyen; Massey University
Steven Cahan; University of Auckland
DISCUSSANT: Mingyi Hung; Hong Kong University of Science and Technology Speed and Expertise in Stock Picking: Older, Slower, and Wiser?
Chay Ornthanalai; University of Toronto Kent Womack; University of Toronto Romain Boulland; ESSEC Business School
DISCUSSANT: Frank Zhang, Yale University
Accounting quality Location: Madrid 3
Moderator: Hai Lu; University of Toronto and Singapore Management University Social Trust and Auditor Reporting Conservatism
Deqiu Chen; University of International Business and Economics Gerald Lobo; University of Houston
Li Li; Beijing University of International Business and Economics Xuejiao Liu; University of International Business and Economics
DISCUSSANT: Jeff Ng, Singapore Management University
Institutional Ownership and Reporting Quality: Distinguishing Selection from Monitoring Christopher Armstrong; University of Pennsylvania, The Wharton School
Daniel Taylor; University of Pennsylvania, The Wharton School Sterling Huang; Singapore Management University
DISCUSSANT: Mozaffar Khan, University of Minnesota Using Unstructured and Qualitative Disclosures to Explain Accruals
Jared Jennings; Washington University Joshua Lee; Florida State University
Richard Frankel; Washington University
10:30 am – 11:00 am Coffee Break Location: Foyer 11:00 am – 12:30 pm Second Parallel Sessions
Banks and Methods Location: Madrid 2
Moderator: Zhaoyang Gu; The Chinese University of Hong Kong)
Disclosure Regulation on Mortgage Securitization and Subprime Loan Performance Feng Zhao; University of Texas at Dallas
Harold Zhang; University of Texas at Dallas Lantian Liang; University of Texas at Dallas Xiaofei Zhao; University of Texas at Dallas
DISCUSSANT: Chris Williams; University of Michigan
Understanding Bank Liquidity Risk Using Realized Gains and Losses on Available-for-Sale Securities
Qiao Kapadia; Yale University
DISCUSSANT: Chris Williams; University of Michigan The Search for Benchmarks: When do Crowds Provide Wisdom?
Charles Lee; Stanford University
Charles Wang; Harvard Business School Paul Ma; University of Minnesota
DISCUSSANT: Zhaoyang Gu; The Chinese University of Hong Kong
Theory Location: Madrid 3
Moderator: Guochang Zhang (Hong Kong University Science and Technology) Real Effects of Accounting Uniformity: A Common Understanding
Baohua Xin; University of Toronto Timothy Shields; Chapman University
DISCUSSANT: Yun Zhang, George Washington University Good Disclosure, Bad Disclosure
Italy Goldenstein; University of Pennsylvania Liyan Yang; University of Toronto
DISCUSSANT: Yun Zhang, George Washington University
Financial Reporting and Auditing under Alternative Damage Apportionment Rules Revisited Derek Chan; University of Hong Kong
DISCUSSANT: Guochang Zhang; Hong Kong University of Science and Technology
12:30 pm – 1:45 pm Conference Lunch Location: Espana II 2:00 pm – 3:00 pm Industry Practitioner Panel Location: Espana II
Moderator: Joseph Piotroski; Stanford University
Speakers: David Wu; Beijing Senior Partner, PwC China and Jesse Wang; Chairman of Beijing Dalio Public Welfare Foundation Topic: Financial Reporting Challenges in Today’s China
3:00 pm – 3:30 pm Break Location: Foyer
3:30 pm – 5:15 pm Third Parallel Sessions
CEO compensation Location: Madrid 2
Moderator: Qiang Cheng; Singapore Management University
CEO Incentives and Product Development Innovation: Insights from Trademarkers Lucile Faurel; University of California, Irvine
Qin Li; University of California, Irvine
Devin Shanthikumar; University of California, Irvine Siew Hong Teoh; University of California, Irvine
DISCUSSANT: Thomas Bourveau, Hong Kong University of Science and Technology
Performance-Contingent Executive Compensation and Firm Earnings John Bizjak; Texas Christian University
Rachel Hayes; University of Utah
Swaminathan Kalpathy; Texas Christian University
DISCUSSANT: Rich Frankel, Washington University
Understanding the relation between executives' incentives and reported performance Robert Bushman; University of North Carolina at Chapel Hill
Weining Zhang; Cheung Kong Graduate School of Business Zhonglan Dai; University of Texas at Dallas
DISCUSSANT: Rich Frankel, Washington University Mandatory Disclosure Reform, Monitoring, and Executive Compensation
Elizabeth Gordon; Temple University Steven Balsam; Temple University Xi Li; Temple University
Regulatory Issues Location: Madrid 3 Moderator: Agnes Cheng (Polytechnic University of Hong Kong)
State Capitalism vs. Private Enterprise Donghua Chen; Nanjing University Dequan Jiang; Wuhan University
Alexander Ljungquvist; New York University Haitian Lu; Hong Kong Polytechnic University Mingming Zhou; University of Colorado
DISCUSSANT: Bin Ke; Nanyang Technological University
Does Public Enforcement Matter in Weak Investor Protection Countries? Evidence from a Natural Experiment
Bin Ke; Nanyang Technological University Xiaojun Zhang; Nanyang Technological University
DISCUSSANT: Susan Shu, Boston College
Blockholder Exit Threats in the Presence of Private Benefits of Control: A Quasi-Experiment from China’s Split-Share Structure Reform
Han Wu; Norwegian School of Economics Ole-Kristian Hope; University of Toronto Wuyang Zhao; University of Toronto
DISCUSSANT: Vivian Fang; University of Minnesota
Does corporate social responsibility (CSR) create shareholder value? Exogenous shock-based evidence from the Indian Companies Act 2013
Hariom Manchiraju; Indian School of Business Shivaram Rajgopal; Emory University
DISCUSSANT: Stefan Zeume; University of Michigan
5:30 pm – 7:00 pm Conference Dinner Location: Espana II 7:00 pm – 8:00 pm Academic Keynote Location: Espana II
Speaker: Luigi Zingales, University of Chicago Topic: The crucial role of accounting
Tuesday, July 14, 2015
8:00 am - 8:30 am Breakfast Station/Coffee Location: Foyer 8:30 am – 10:00 am Fourth Parallel Sessions
Corporate finance Location: Madrid 2
Moderator: Bin Ke; National University of Singapore Superstition and Financial Decision Making
David Hirshleifer; University of California, Irvine Huai Zhang; Nanyang Technological University Ming Jian; Nanyang Technological University
DISCUSSANT: Joe Piotroski; Stanford University Financial Reporting Quality and Optimal Capital Structure
Christina Synn; University of Michigan Christopher Williams; University of Michigan
DISCUSSANT: Holly Yang, Singapore Management University
Shareholder wealth consequence of insider pledging of company stock as collateral for personal loans
Jason Zein; University of New South Wales Ronald Masulis; University of New South Wales Ying Dou; University of New South Wales
Capital Markets Location: Madrid 3 Moderator: Jeff Ng; Singapore Management University
Complicated Accounting
George Serafeim; Harvard University
Leonid Kogan; Massachusetts Institute of Technology Mozaffar Khan; University of Minnesota
Wen Chen; University of Minnesota
DISCUSSANT: Susan Shu, Boston College Economic Uncertainty and Earnings Management
Charles Wang; Harvard Business School Luke Stein; Arizona State University
DISCUSSANT: Vicki Tang; Georgetown University GDP Management to Meet or Beat Growth Targets
Frank Zhang; Yale University Changjiang Lyu; Fudan University Kemin Wang; Fudan University Xin Zhang; Fudan University
DISCUSSANT: Haifeng You; Hong Kong University of Science and Technology 10:00 am – 10:30 am Coffee Break Location: Foyer
10:30 am – 12:15 pm Fifth Parallel Sessions
Governance Location: Madrid 2
Moderator: Huai Zhang; Nanyang Technological University of Singapore Understanding Director Elections: Determinants and Consequences
Yonca Ertimur; University of Colorado Fabrizio Ferri; Columbia Business School David Oesch; University of Zurich
DISCUSSANT: Luke Stein, Arizona State University
Risky Business? Disclosure and Shareholder Approval of Corporate Political Spending David Primo; University of Rochester
Saumya Prabhat; Indian School of Business
DISCUSSANT: Fabrizio Ferri; Columbia Business School Lost in Transition: Trust and CEO succession
Alex Chu; Shanghi Jiao Tong University Vicki Wei Tang; Georgetown University
DISCUSSANT: John Bizjak; Texas Christian University Political Connections and Insider Trading
Marc Sangnier; Aix-Marseille School of Economics Renaud Coulomb; London School of Economics
Thomas Bourveau; Hong Kong University of Science and Technology DISCUSSANT: John Bizjak; Texas Christian University
Tax Location: Madrid 3 Moderator: Oliver Li; National University of Singapore
Tax Inversion within the United States: Evidence from State Corporate Tax Rate Changes Jeffrey Ng; Singapore Management University
Sterling Huang; Singapore Management University Travis Chow; Singapore Management University
DISCUSSANT: Ed Maydew; University of North Carolina at Chapel Hill Changes in Corporate Effective Tax Rates over the Past Twenty-Five Years
Edward Maydew; University of North Carolina at Chapel Hill Jacob Thornock; University of Washington
Michelle Hanlon; Massachusetts Institute of Technology Scott Dyreng; Duke University
DISCUSSANT: Oliver Li – National University of Singapore The Political Economy of Corporate Tax Avoidance
Wei Luo; Peking University Pingui Rao; Jinan University Qiao Liu; Peking University
DISCUSSANT: Oliver Li – National University of Singapore
12:15 pm – 1:30 pm Lunch Reception & Best Paper Awards Location: Espana II
